Something to DeclareOn Customs Compliance & Trade Facilitation
Impact of U.S. NAFTA Withdrawal will be Negligible for Many Canadian Companies – Here’s Why.
U.S. President Donald Trump’s threat to pull out of NAFTA has caused much hand-wringing north of the 49th parallel. The consequences of a U.S. withdrawal appear to be dire for Canada considering 75% of Canadian merchandise exports go south of the border. However, a...read more
Canada Customs Publishes Verification Targets – Audits Reveal 66% Tariff Classification Non-Compliance
If you are an importer of hair extensions, olive oil, or seaweed, consider yourself forewarned. The Canada Border Services Agency (CBSA) will be paying special attention to the way you classify your products in 2018. For the third straight year, CBSA published its...read more
When it Comes to Customs Compliance, Function Can be Outsourced but Responsibility Cannot
I’ve recently been scolded for suggesting that technology might help importers and exporters deal with the complexity of the Harmonized System (HS). My critic, a director of global customs for a multinational corporation, took exception to my call for the World Customs Organization to embrace intelligent software as a way of encouraging wider HS usage and ensuring greater accuracy in HS classification.read more
Happy 30th Birthday HS – It’s Time to Close the Generation Gap.
On January 1st, 2018 the Harmonized System (HS) turned 30, and the time has come to admit that the HS might be suffering from its own “generation gap”. Used by more than 200 countries, territories and Customs or Economic Unions, and covering 98% of global trade, the...read more
Knowledge Work as we knew it, has had its Day.
McKinsey & Company’s seminal study titled “Disruptive technologies: Advances that will transform life, business, and the global economy” listed 12 technologies that could “drive truly massive economic transformations and disruptions in the coming years”. Second from the top, with an estimated economic impact of between $5 trillion and $7 trillion annually by 2025, was the automation of knowledge work.read more
A lack of HS knowledge is allowing the Philippines to become a dumping ground for the world’s garbage.
A surprising revelation emerged from recent hearings held by the Philippines House of Representatives Ecology Committee concerning the persistent problem of trash from abroad finding its way into the country. Committee members grilled officials from the Bureau of...read more